Business

Airbus seals deal during Singapore Airshow for 20 of its superjumbo A380s

The Canadian Press -
Feb 12, 2014 / 3:26 pm | Story:
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Photo: The Canadian Press. All rights reserved.

From left, John Leahy, chief operating officer of Airbus, Amedeo CEO Mark Lapidus and Fabrice Bregier, president and CEO of Airbus, pose at a media conference in Singapore, Wednesday, Feb. 12, 2014. Airbus announced its second major aircraft order of the Singapore Airshow with a deal to deliver 20 of its superjumbo A380s to leasing company Amedeo. (AP Photo/Joseph Nair)

SINGAPORE - Airbus announced its second major aircraft order of the Singapore Airshow with a deal Wednesday to deliver 20 of its superjumbo A380s to leasing company Amedeo.

The 20 planes are worth about $8.3 billion but list prices are often discounted for big buyers.

The order is a boost for the European plane maker because A380 sales have fallen short of expectations.

Amedeo CEO Mark Lapidus said the A380s will be delivered between 2016 and 2020.

A day earlier, low cost carrier VietJetAir signed a deal to buy more than 90 Airbus A320 jets worth about $9.1 billion at sticker prices.